Multiple Choice
-Refer to the above diagram. An improvement in technology will:
A) shift the production possibilities curve from PP1 to PP2.
B) shift the production possibilities curve from PP2 to PP1.
C) move the economy from A to C along PP1.
D) move the economy from A, B, or C on PP1 to D
Correct Answer:

Verified
Correct Answer:
Verified
Q28: Individuals face an economic problem but not
Q34: Which of the following will not shift
Q38: The global financial crisis that spread to
Q79: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2474/.jpg" alt=" -Refer to the
Q96: The main function of the entrepreneur is
Q102: Assume an economy is incurring unemployment and
Q116: In drawing the production possibilities curve we
Q138: The production possibilities curve has:<br>A)a positive slope
Q232: Assume that a change in government policy
Q251: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2474/.jpg" alt=" -Refer to the